Gamestop – Gamestop – GameStop plummets when AMC and memes are out of stock | Fintech Zoom
AMC Entertainment Holdings Co., Ltd.
And GameStop Co., Ltd.
It fell on Thursday, widening the defeat of meme stocks this week and bringing significant cuts to the small investors who supported them.
AMC has fallen almost 6% in pre-market trading, after a nearly 28% recession so far this week. GameStop closed more than 12% on Wednesday week, retreating another 6% before the opening bell.Clover Health Investments Co., Ltd.
Companies, which surged more than 85% on June 1st, have fallen for the past three weeks in a row, losing nearly 35% in July.
The sharp decline in stocks favored by individual investors on social media and online forums highlights the fragility of these small stock markets. Retail trading is gaining momentum in this year’s market as many people enter stocks and options for the first time due to the combination of a stay-at-home order and a surge in free trading apps.
Coordinated trading on the Reddit forum encouraged buyers to invest money in specific stocks with each other, with AMC rising more than 1470%, while GameStop rose more than 750% this year. Earlier this year, GameStop was trading for less than $ 20 per piece, but AMC was priced at around $ 2. In comparison, the broader S & P 500 Index has risen by just over 16%.
Stocks, which have recently been attracting attention from individual investors, have also fallen, highlighting the volatile nature of the market.Carver Van Corp Co., Ltd.
Banking services have fallen nearly 33% this week after soaring 150% last week. Inventory started at around $ 9 per piece in June and has more than doubled since then.
In a recent slide, AMC canceled plans for a shareholder vote last week that could issue an additional 25 million shares. Since January, we have issued more than 100 million new shares and converted our debt into capital.
“We will cancel the July vote for more stocks, and there will be no more such demands in 2021,” CEO Adam Aaron tweeted on July 6. writing.
Despite the bumpy rides, many still believe in meme stocks. A Reddit user with a u / Gold-Educational handle wrote on Wednesday at the WallStreetBets forum that “Don’t give up on AMC and buy more.” The person shared a screenshot of AMC’s portfolio and showed a total loss of 51%.
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